Niu San and foreign capital have performed actively since this year. Although there is no big move in the market, they have frequently attacked in the market.
However, generally speaking, Niu San and foreign capital will not gather together, because Niu San's operating cycle is longer, while foreign capital's operating cycle is relatively short.
However, today I reviewed the market and saw that there was a military stock that had been sideways for 7 years. Among them, not only was the bull-scattered Xu Kaidong, but also Morgan and UBS were present.
First of all, from the monthly line, the company's stock price has been sideways for nearly 7 years, and it can be said that it has not flown for 7 years and has not been shouted for 7 years.
NiuSanXu Kaidong has entered the market in 21 years and has been ranked second largest circulating shareholder of the company for many years. In the latest quarter, it still holds 4.49 million shares of the company.
At the same time, we found that Morgan Stanley and Damos increased their holdings of 140,000 shares in the first quarter, holding a total of 2.2 million shares, ranking the sixth largest circulating shareholder. It entered the market in the fourth quarter of 2024, with an average price of 7.19 in the last two quarters, and the company's current share price is still 7.29, almost around its average cost.
Moreover, UBS also invested 1.45 million shares in the first quarter.
So, what is the charm of this company that can attract both Niu San and foreign capital to enter the market.
The company is mainly engaged in the research, development, production and sales of automobile brake parts products.
Among them, the main products, brake discs, account for 87% of revenue, gross profit margin of 9.6%, and profit accounting for nearly 90%. It is the company's flagship product.
The company is the main drafting unit and participating drafting unit for national standards such as automobile brake drums, automobile brake discs, and ductile iron parts. After decades of industry-depth cultivation and technical accumulation, the company has rich core technical experience in the field of automotive braking systems.
Moreover, the company is already the core supplier of China Launch Vehicle Technology Research Institute; in terms of military industry, some of the company's products have entered the procurement of military products with the OEM.
So, what is the current operating status of the company?
From the company's operating income, the overall situation is increasing. In the past five years, it has increased from 1.5 billion to 2.3 billion, with an average annual growth of about 10%.
From the perspective of the company's profit situation, it is not ideal,
Although the company's revenue increased, its profits did not rise simultaneously, it showed sideways fluctuations.
This means that the company has increased revenue but not increased profits, and the profit margin of the product is declining.
However, the company's current financial situation is pretty good, with a debt ratio hovering around 35%. Liquidity is also abundant.
Overall, the company's operating conditions are considered to be fair.
The reason why Niu San, Morgan and UBS entered the market is definitely not because of how good their performance is.
On the one hand, it is because the company is another typical small-cap stock, with a total market value of only over 3 billion yuan, and it is a typical small-cap stock.
Secondly, the company has more popular concepts such as commercial aerospace and military industry this year.
Again, the company is currently at a low price, which is in line with the low-level lurking characteristics that Niu San likes.
